Exclusive Report: Which Payment Methods Should You Use?Published May 31, 2014 by OCR Editor
A look at some of the top payment methods favored by players in online casinos.
Online casinos normally provide their players with a wide range of methods with which they can deposit funds and withdraw their winnings. The common type of payment methods are credit cards and e-wallets. Credit cards are thought to be convenient and fast with lower fees, but the great wealth of e-wallets demonstrates that a lot of players prefer an intermediary for their online casino banking.
Even when dealing with trusted online casinos, e-wallets give players the benefits of privacy as none of their personal or banking information is revealed to the online casino. There are a myriad of e-wallets out there and some are more suited for operation with online casinos than others. This begs the question: What are the top payment methods in online casinos?
Ukash is a premium choice for players who prefer to pay with cash rather than a credit or debit card. It is a voucher based payment method where players pay their desired amount for a voucher and then use a unique 19 digit code on their online casino of choice. Because they have already paid, the funds are quickly added to their account and they can start playing. In some online casinos, Ukash is also supported as a withdrawal method, demanding of players a similar process to that required when depositing. Ukash is very popular around the world; its vouchers can be bought at many places such as ATMs, convenience stores, gas stations and the likes.
Skrill, also commonly known as Moneybookers, is one of the net's prime payment solutions and a big favorite among online casino players. Skrill discards the need to reveal any personal or banking information, as it is based on e-mail addresses. Players can use their e-mail to send money securely and globally to anyone with an e-mail address, with low fees and quick transactions. While the funding of one's Skrill account is made through bank uploads or any major credit card, the transaction itself which is e-mail based does not reveal any personal or banking information to any of the parties involved.
PaySafeCard is one of the net's most popular pre-paid card solutions, also a top choice among players who prefer not to pay using credit and debit cards. PaySafeCards can be bought for different values, with each card including a unique PIN code. Players enter the PIN code at their online casino's cashier and they are good to go. No personal or banking information is given out when using PaySafeCard, promising players with guaranteed anonymity.
RegularPay is known for its cooperation with high-risk merchants, due to its very high security standards. This online payment service provider employs intricate measures to prevent frauds and to give users a definite feeling of safety. This is done with the help of fraud monitoring systems akin to those used by banks, IP geolocation services and authentication processes including special codes and address verification. Its military-grade security standards render it a top choice among online casino players.
As a general note, before choosing a payment method, check that the casino offers your country's currency. It is always important to check the casino's terms and conditions for depositing and withdrawing money.